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Highlights and benefits

Who we serve

Life sciences
  • Medical devices, pharmaceuticals, and biologics
  • Analytical equipment and biotechnology products
  • Contract manufacturers
  • Healthcare product development and clinical trial services
  • Distributors and consultants
  • Laboratories
Manufacturing
  • Component Parts Manufacturers (CPM)
  • Original Equipment Manufacturers (OEM)
  • Consulting, installation, and system integration service companies
  • Distribution, installation, or service maintenance
  • Engineering or design services related to the delivery, use or manufacture of the applicant’s products or services
Other commercial risks
  • Wholesale Trade
  • Printers, with available cost of corrections
  • Food companies
  • Chemical companies

Claims scenarios

Data glitch sparks legal dispute

A manufacturer embedded sensors and actuators into an automated process, providing end users with real-time production outputs and document quality control and helping manage inventory levels to optimize production. A data integrity concern emerged which led to a reduction in output for the manufacturer; this caused delays in the delivery of their products and costs overruns, for which they were sued by a large customer. Chubb worked collaboratively to investigate, defend, and resolve the lawsuit.

Chubb assists in medical device recall

The insured is a contract manufacturer. On behalf of an OEM, they manufacture, test and deliver completed market-ready medical devices for use in the U.S. and select overseas markets. A serious manufacturing defect was discovered after an abnormally high number of reported patient injuries, and the regulator ordered the OEM to initiate a Class I recall. Chubb’s integrated liability response, which included products liability, product recall, and the OEM’s financial injury, was essential in addressing the interrelated and complex insurance issues.

 

Helping protect businesses from risk

Our team of world-class industry professionals is readily available to partner with your business and effectively mitigate any risks you may face. 

Chubb Risk Consulting

Our in-house network of nearly 500 risk engineers around the globe will help your business anticipate and minimize costly exposures.

Chubb Risk Engineering Center

Our interactive state of the art facility for the next generation of risk management can help your business reduce the risk of loss.

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